Business Context and Reporting Period
Company: Prospect Capital Corporation
Filing Type: Form 8-K (Current Report)
Report Date: February 4, 2014
Event Date: February 3, 2014
Context: The filing announces the release of financial results for the second fiscal quarter ended December 31, 2013, and the declaration of monthly cash distributions for July, August, and September 2014.
Key Financial Metrics
The filing text references the issuance of a press release containing financial results for the quarter ended December 31, 2013, but does not explicitly state the specific values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this Form 8-K. These metrics are contained in the attached Exhibit 99.1.
Material Changes and Distributions
The registrant declared monthly cash distributions to shareholders with the following specific amounts and dates:
- July 2014: 11.0475 cents per share (Record: July 31, 2014; Payment: August 21, 2014)
- August 2014: 11.0500 cents per share (Record: August 29, 2014; Payment: September 18, 2014)
- September 2014: 11.0525 cents per share (Record: September 30, 2014; Payment: October 22, 2014)
The filing does not provide a comparative analysis of material changes versus the prior period within the text itself.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies. It serves primarily as a notification that the press release (Exhibit 99.1) and distribution announcement (Exhibit 99.2) have been issued. The information is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated February 3, 2014) for detailed Q2 2013 financial results, including revenue, net income, and portfolio metrics.
- Verify the dividend yield implications of the declared distribution rates (approx. 11.05 cents per share) against the current market price.
- Confirm the record and payment dates for the July, August, and September 2014 distributions to ensure eligibility.
- Check subsequent filings for any updates to the financial condition or liquidity status referenced in the Q2 results.